Fitch Warns on $18.1B in Recent-Vintage CMBS

" Fitch Ratings said Wednesday that it had placed 532 classes from 50 fixed-rate CMBS conduit transactions from the 2006 through 2008 vintages on Rating Watch Negative — meaning downgrades are highly likely in the next few weeks for affected deals. The rating agency said a recent review of the expected economic conditions and their effect on CMBS performance led the firm to estimate performance closer to a ‘moderate to severe’ scenario the agency ahd outlined last July, with commercial property values falling as much as 35 percent."